KARACHI: The Pakistan Stock Exchange (PSX) witnessed a range-bound session today (Friday), as investors adopted a cautious approach ahead of the monetary policy announcement.
The benchmark KSE-100 Index swayed both ways, registering its intraday high at 46,116.85 (+132.39 points) and low at 45,690.50 (-293.96 points). It settled lower by 116.42 points at 45,868.04.
Among other indices, the KMI-30 Index dropped 421.17 points to end at 72,850.19, while the KSE All Share Index was down 72.94 points, closing at 31,840.92.
The overall market volumes declined from 606.37 million shares in the previous session to 430.53 million shares (-29pc). The average traded value also dipped 12pc, from $111.5 million to $98.5 million.
Sectors that dragged the benchmark index lower included oil & gas exploration (-45.22 points), fertilizer (-20.69 points) and oil & gas marketing (-13.91 points).
Among the companies, TRG Pakistan Ltd (TRG -27.36 points), Engro Corporation Ltd (ENGRO -14.43 points) and Mari Petroleum Company Ltd (MARI -14.36 points) dented the index the most.
Global equity markets also showed a negative trend, whereas crude oil prices dropped further from the previous close; WTI crude price declining 2.50pc to $51.80 while Brent crude price falling 2.39pc to $54.76 (As at 5:08 pm PST).
